Auto Lenders Slow to Incorporate Machine Learning and AI

Auto lenders are not yet ready to turn credit decisions over to artificial intelligence and machine learning; Mike Kane, Ally Financial Services’ vice president of consumer credit talks about the prospect of using big data to make credit decisions, “In the next three to five years, we’ll try to figure out what we have”; despite all the advances in technology to assist with auto lending decisions it remains primarily a human effort today. Source.